IFP Advisors Inc grew its position in shares of ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) by 226.1% in the 4th quarter, Holdings Channel reports. The firm owned 499 shares of the company’s stock after acquiring an additional 346 shares during the quarter. IFP Advisors Inc’s holdings in ProShares Ultra QQQ were worth $54,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Compass Planning Associates Inc acquired a new stake in ProShares Ultra QQQ during the fourth quarter worth approximately $40,000. Financial Life Planners bought a new position in shares of ProShares Ultra QQQ during the 4th quarter worth approximately $51,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of ProShares Ultra QQQ during the 4th quarter worth approximately $214,000. Tradition Wealth Management LLC bought a new stake in shares of ProShares Ultra QQQ in the 3rd quarter valued at $207,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of ProShares Ultra QQQ in the 3rd quarter valued at $233,000.
ProShares Ultra QQQ Stock Down 5.5 %
Shares of NYSEARCA QLD opened at $97.02 on Friday. ProShares Ultra QQQ has a 12-month low of $75.28 and a 12-month high of $120.68. The firm has a market cap of $6.86 billion, a PE ratio of 33.52 and a beta of 2.23. The company’s fifty day simple moving average is $110.93 and its 200 day simple moving average is $105.93.
ProShares Ultra QQQ Profile
ProShares Ultra QQQ (the Fund), formerly Ultra QQQ ProShares, seeks daily investment results that correspond to twice the daily performance of the NASDAQ-100 Index. The NASDAQ-100 Index represents the largest non-financial domestic and international issues listed on The NASDAQ Stock Market. To be eligible for inclusion, companies cannot be in bankruptcy proceedings and must meet certain additional criteria, including minimum trading volume and seasoning requirements.
Featured Stories
- Five stocks we like better than ProShares Ultra QQQ
- Upcoming IPO Stock Lockup Period, Explained
- Investing in Small-Cap AI: Powering the Next Tech Revolution
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- Occidental Petroleum Drops to 52-Week Low: Buy, Sell, or Hold?
- Why Are Stock Sectors Important to Successful Investing?
- Super Micro Computer Is Now NASDAQ Compliant—But Is It a Buy?
Want to see what other hedge funds are holding QLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra QQQ (NYSEARCA:QLD – Free Report).
Receive News & Ratings for ProShares Ultra QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra QQQ and related companies with MarketBeat.com's FREE daily email newsletter.
